A form of business firm which is owned and run by a group of individuals for their mutual benefit is called ___________________?

Related Mcqs:

1. Aggregation of individuals formed for the purpose of conducting a business and recognized by law as a fictitious person is called ________________________?

   A. Partnership
   B. Investors
   C. Corporation
   D. Stockholders

2. A form of business organization in which a person conducts his business alone and entirely for his own profit, being solely responsible for all its activities and liabilities ?

   A. Sole proprietorship
   B. Entrepreneurship
   C. Partnership
   D. Corporation

3. The flow back of profit plus depreciation form a given project is called ___________________?

   A. Capital recovery
   B. Cash flow
   C. Economic return
   D. Earning value

4. What is the simplest form of business organization ?

   A. Sole proprietorship
   B. Partnership
   C. Enterprise
   D. Corporation

5. An association of two or more persons for the purpose of engaging into a business for profit is called ____________________?

   A. Entrepreneurship
   B. Partnership
   C. Proprietorship
   D. Corporation

6. All the proceeds which are received by the business as a result of the sale of goods is called _________________?

   A. Net income
   B. Gross income
   C. Net revenue
   D. Total sales

7. The amount of company’s profit that the board of directors of the corporation decides to distribute to ordinary shareholders is called ___________________?

   A. Dividend
   B. Return
   C. Share of stock
   D. Equity

8. As applied to capitalized asset, the distribution of the initial cost by a periodic changes to operation as in depreciation or the reduction of a debt by either periodic or irregular prearranged programs is called ___________________?

   A. Annuity
   B. Amortization
   C. Capital recovery
   D. Annuity factor

9. The first cost to be incurred if the piece of equipment now in place had been bought for a second hand dealer or some other business is called ____________________?

   A. Material cost
   B. Fixed cost
   C. First cost
   D. In-place value

10. The drainage area of a town is 12 hectares. Its 40% area is hard pavement ( K = 0.85), the 40% area is unpaved streets (K = 0.20) and the remaining is wooded areas (K = 0.15). Assuming the time of concentration for the areas as 30 minutes and using the formula Ps = 900/(t + 60) the maximum run off is__________________?

    A. 0.10 cumec
    B. 0.12 cumec
    C. 0.15 cumec
    D. 0.20 cumec